Revenge Tax? Here’s How the Trump Provision Could Affect Your Business

Revenge Tax? Here’s How the Trump Provision Could Affect Your Business

Some experts are warning that a proposed tax in Trump’s budget bill could negatively impact foreign investment in the U.S.

House Narrowly Passes Trump Tax-and-Spending Bill, Sends Legislation to Senate

Why are lobbyists trying to kill Trump's 'revenge tax'?

It's being called President Donald Trump's "revenge tax." The GOP budget bill currently stuck in the Senate would create a new levy of up to 20% for some foreign companies operating in the U.S., a move critics say would deter foreign investment at a critical moment in American economic history.Why is the provision called a "revenge" tax? Because it would be used to "punish companies based in countries that try to collect new taxes from American …

What's New in the Senate Version of Trump's Tax and Spending Bill

‘Revenge’ Tax? Section 899 Is More Like Repair

Biden and Yellen handed foreign countries a license to overtax U.S. businesses. Congress seeks a repeal.

Business Groups Push Back Against GOP’s Foreign Company Tax Proposal - The Leaders Globe Media

Republican Tax Plan Aims at Foreign Firms Amid Global TensionsBusiness lobbyists are mounting a fierce campaign against a new Republican-backed tax proposal that targets foreign companies operating in the United States. The measure, dubbed a “revenge tax,” is part of broader domestic policy legislation recently introduced by Senate Republicans. It would penalise companies based in nations that either enforce the 2021 global minimum tax deal or l…